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The Economic Times
The Economic Times
Business

Global Market Today: Asian stocks mixed as oil rally, AI concerns weigh on sentiment

Artificial Intelligence Meta Oil Tesla Inc. Stock Market Larry Fink Automotive Industry Data Centres

US equity-index futures fell after mixed earnings from megacap companies cast doubt on the durability of this week’s rebound in the artificial intelligence trade. Crude oil climbed as tensions flared in the Middle East.

Contracts for the Nasdaq 100 Index slipped 0.6% and those for the S&P 500 dropped 0.4% in early Asian trading following a split set of results from Tesla Inc. and Meta Platforms Inc. The automaker’s shares fell 3.1% in post-market trading after cutting its capital-spending forecast. Meta Platforms, however, rose 2% after hours as the company boosted its bet on AI with spending outlook.

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